| Schedule of marketable securities, available-for-sale |
The following tables set forth the Company’s financial assets that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands): | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | Valuation | | Amortized | | Unrealized | | Unrealized | | | | | | Hierarchy | | cost | | Gains | | Losses | | Fair Value | Assets | | | | | | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | | | | | | Money market funds | | | Level 1 | | $ | 42,020 | | $ | — | | $ | — | | $ | 42,020 | Total cash equivalents | | | | | | 42,020 | | | — | | | — | | | 42,020 | Short-term marketable securities: | | | | | | | | | | | | | | | | Commercial paper | | | Level 2 | | | 23,561 | | | 1 | | | (7) | | | 23,555 | Corporate debt securities | | | Level 2 | | | 3,968 | | | — | | | — | | | 3,968 | U.S. Treasury securities | | | Level 2 | | | 39,580 | | | 51 | | | (8) | | | 39,623 | Agency securities | | | Level 2 | | | 11,921 | | | 1 | | | (2) | | | 11,920 | Asset-backed securities | | | Level 2 | | | 3,997 | | | 17 | | | — | | | 4,014 | Total short-term marketable securities | | | | | | 83,027 | | | 70 | | | (17) | | | 83,080 | Long-term marketable securities: | | | | | | | | | | | | | | | | U.S. Treasury securities | | | Level 2 | | | 10,036 | | | 23 | | | — | | | 10,059 | Total long-term marketable securities | | | | | | 10,036 | | | 23 | | | — | | | 10,059 | Total cash equivalents and marketable securities | | | | | $ | 135,083 | | $ | 93 | | $ | (17) | | $ | 135,159 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | Valuation | | Amortized | | Unrealized | | Unrealized | | | | | | Hierarchy | | cost | | Gains | | Losses | | Fair Value | Assets | | | | | | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | | | | | | Money market funds | | | Level 1 | | $ | 72,800 | | $ | — | | $ | — | | $ | 72,800 | U.S. Treasury securities | | | Level 2 | | | 2,477 | | | — | | | — | | | 2,477 | Total cash equivalents | | | | | | 75,277 | | | — | | | — | | | 75,277 | Short-term marketable securities: | | | | | | | | | | | | | | | | Commercial paper | | | Level 2 | | | 14,447 | | | 25 | | | (1) | | | 14,471 | Corporate debt securities | | | Level 2 | | | 6,909 | | | 7 | | | — | | | 6,916 | U.S. Treasury securities | | | Level 2 | | | 27,493 | | | 123 | | | — | | | 27,616 | Agency securities | | | Level 2 | | | 21,345 | | | 12 | | | (2) | | | 21,355 | Asset-backed securities | | | Level 2 | | | 5,030 | | | 22 | | | — | | | 5,052 | Total short-term marketable securities | | | | | | 75,224 | | | 189 | | | (3) | | | 75,410 | Long-term marketable securities: | | | | | | | | | | | | | | | | U.S. Treasury securities | | | Level 2 | | | 4,884 | | | 36 | | | — | | | 4,920 | Asset-backed securities | | | Level 2 | | | 2,480 | | | 8 | | | — | | | 2,488 | Total long-term marketable securities | | | | | | 7,364 | | | 44 | | | — | | | 7,408 | Total cash equivalents and marketable securities | | | | | $ | 157,865 | | $ | 233 | | $ | (3) | | $ | 158,095 |
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